PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target Raised to C$7.50 at TD

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price raised by TD from C$7.00 to C$7.50 in a report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Desjardins raised their price objective on PRO Real Estate Investment Trust from C$6.75 to C$7.50 and gave the company a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce downgraded shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and raised their price target for the company from C$6.75 to C$7.00 in a report on Friday, May 15th. Royal Bank Of Canada upped their target price on PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday. Finally, Raymond James Financial reduced their price target on PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, PRO Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$7.21.

PRO Real Estate Investment Trust Stock Performance

PRV.UN stock opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a twelve month low of C$1.80 and a twelve month high of C$2.45. The stock’s 50 day moving average is C$2.30 and its 200-day moving average is C$2.30.

About PRO Real Estate Investment Trust

PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial properties across Canada representing over 3.7 million square feet of gross leasable area. Established in 2013, PROREIT is mainly focused on strong secondary markets in Quebec, Atlantic Canada and Ontario, with selective exposure in Western Canada.